Okta Announces Commitment to 100% Renewable Electricity
April 07 2021 - 9:00AM
Business Wire
First set of public commitments positions the
identity leader for long-term action on climate change
Okta, Inc. (NASDAQ:OKTA), the leading independent identity
provider, today at Oktane21, committed to achieving 100% renewable
electricity for its global real estate footprint by 2022. The
company’s commitment marks a critical step in Okta’s journey to
reduce greenhouse gas (GHG) emissions and take long-term action on
climate change. Watch all of Okta’s announcements at
Oktane21.com.
“Climate change adversely impacts all of us, and every company
has a role to play in curbing its most dangerous effects. For Okta,
addressing energy usage for our offices is the right first step,
but this is just the beginning of a long-term commitment to climate
action,” said Todd McKinnon, Chief Executive Officer, and
co-founder, Okta. “As we address Okta’s footprint, we will also
look to collaborate with our customers, partners, and communities
to drive even more change. We all need to act with the urgency our
planet demands.”
In recognition of the imperative of climate action and the
important role businesses must play in addressing the planet’s
urgent needs, along with Okta’s aim to achieve 100% renewable
electricity for its global real estate footprint by 2022, the
company is committing to the following:
- Transparency on its strategic approach. The company will
prioritize understanding its impacts via its GHG emissions
inventory, developing a plan to reduce emissions, setting targets,
and reporting progress. As the identity company that stands for
trust, Okta will remain accountable to its commitment, reporting to
the CDP (Carbon Disclosure Project). It will continue to report
progress on our public Social and Environmental webpage.
- Prioritizing energy efficiency and renewable energy as Okta
grows. As Okta continues to expand rapidly, all new offices
will be LEED Silver and WELL Silver certified. The company
recognizes its potential influence to reduce emissions arising from
its workplace footprint. It will consider both energy efficiency
and the wellness of its employees in its siting and operational
decisions. Okta will seek opportunities to purchase renewable
energy from within the local grid, where possible. As Okta
evaluates real estate locations and continues discussions with
existing landlords, there will be an emphasis on sustainability
initiatives and the desire to invest in renewable energy.
- Collaborating through leading coalitions. Okta has
joined the Renewable Energy Buyers Alliance, an alliance of NGOs,
and clean energy buyers and providers pioneering the transition to
a cleaner, prosperous, zero-carbon energy future, to work together
on climate action; and Business Council on Climate Change (also
known as BC3), a San Francisco-based multi-sector partnership
dedicated to incubating, scaling, and sharing world-leading
solutions to address climate change.
- Pioneering Dynamic Work and engaging Okta employees.
With Okta’s creation and implementation of its innovative Dynamic
Work framework, the company will provide employees with information
on energy efficiency and renewable energy options wherever they
choose to work.
- Addressing climate justice. To recognize that climate
change disproportionately impacts communities of color and build
upon our commitments to racial justice and equity Okta for Good has
made an initial grant to GRID Alternatives. GRID Alternatives is a
non-profit on a mission to build community-powered solutions to
advance economic and environmental justice through renewable
energy. With this investment, the organization will install solar
energy in five single-family homes in the Bay Area, specifically in
low-income communities.
Building on Okta’s investments in sustainability
Okta continues to do its part to address climate change. In
FY21, Okta purchased renewable energy certificates (RECs)
equivalent to 100% of its North American office electricity
consumption. Okta purchased RECs from the California Bright Schools
solar program, which helps to realize the most cost-effective
energy-saving opportunities, supports renewable energy education
and the installation of solar on schools across the state, and
provides an additional revenue stream to support school district
operations. Okta’s support of California Bright Schools is
consistent with its approach to embark on projects with both
positive environmental and social impacts.
Also, Okta released the results of its emissions inventory,
which revealed the majority of its current emissions are from
sources including cloud services, data centers, and business
travel. Okta employs third-party cloud infrastructure to host our
digital products and services and does not own or operate any
colocation data centers. Its cloud storage provider currently
sources more than 50% renewable energy and has publicly committed
to increasing this to 100% by 2025. Okta’s next phase of climate
work will explore how to reduce emissions in these areas.
Okta launched its environmental, social and governance (ESG)
program in May 2020. The ESG and Sustainability program is under
the oversight of the Board of Directors’ Nominating and Corporate
Governance Committee. It is led by a cross-functional ESG Committee
and subject-matter experts. Okta also recently hired a full-time
ESG and Sustainability Director.
To learn more about this announcement and all of Okta’s
innovations, register and participate in our completely free,
virtual conference by visiting Oktane21.com.
About Okta
Okta is the leading independent identity provider. The Okta
Identity Cloud enables organizations to securely connect the right
people to the right technologies at the right time. With more than
7,000 pre-built integrations to applications and infrastructure
providers, Okta provides simple and secure access to people and
organizations everywhere, giving them the confidence to reach their
full potential. More than 10,000 organizations, including JetBlue,
Nordstrom, Siemens, Slack, T-Mobile, Takeda, Teach for America, and
Twilio, trust Okta to help protect the identities of their
workforces and customers.
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Lindsay Life press@okta.com
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